Stock Traders Purchase High Volume of VanEck Semiconductor ETF Put Options (NASDAQ:SMH)

by · The Markets Daily

VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) was the target of unusually large options trading activity on Friday. Stock investors bought 402,588 put options on the company. This is an increase of 44% compared to the typical daily volume of 278,965 put options.

VanEck Semiconductor ETF Stock Down 7.1%

Shares of NASDAQ SMH traded down $39.62 during mid-day trading on Friday, reaching $522.05. 13,549,610 shares of the company were exchanged, compared to its average volume of 9,310,687. VanEck Semiconductor ETF has a 1 year low of $315.05 and a 1 year high of $671.83. The stock has a market cap of $65.96 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The firm has a 50-day moving average of $573.42 and a 200 day moving average of $517.53.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Institutional investors have recently modified their holdings of the stock. Investment Insight Wealth Management LLC lifted its holdings in VanEck Semiconductor ETF by 2.3% during the 3rd quarter. Investment Insight Wealth Management LLC now owns 2,569 shares of the company’s stock worth $1,565,000 after buying an additional 57 shares in the last quarter. Provenance Wealth Advisors LLC grew its position in VanEck Semiconductor ETF by 1,279.2% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 7,751 shares of the company’s stock valued at $4,720,000 after buying an additional 7,189 shares during the last quarter. Lyell Wealth Management LP raised its stake in shares of VanEck Semiconductor ETF by 1.1% during the 3rd quarter. Lyell Wealth Management LP now owns 76,967 shares of the company’s stock worth $46,873,000 after buying an additional 815 shares in the last quarter. Integrity Alliance LLC. acquired a new position in VanEck Semiconductor ETF during the third quarter worth $6,230,000. Finally, Integrity Advisory Solutions LLC raised its position in VanEck Semiconductor ETF by 48.6% in the third quarter. Integrity Advisory Solutions LLC now owns 838 shares of the company’s stock worth $511,000 after acquiring an additional 274 shares in the last quarter.

VanEck Semiconductor ETF Company Profile

(Get Free Report)

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck.

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